According to Colliers International, a global real estate consulting company, prices in Sixth of October City jumped nearly fivefold from $150 per square meter in 2004 to $800 per square meter in 2008
the total amount of units constructed and delivered from 1981 to 2005 was just 3.2 million
In 2007, 280,000 units were constructed, but less than half of them were for low- and middle-income families.
20 percent of the NHP's total 500,000 units
8.4 million square meters in Sixth of October City,
50,000 low-income units over a period of six years in cooperation with the NHP.
the government is also offering private sector developers land from its own bank at a marginal price in order to encourage profitable housing construction for the lower- and middle-income groups.
The government will sell land to private real estate companies for LE 70 per square meter to be paid over 10 installments with no interest, according to Kamel, while allowing them to use just 50 percent of the land for low-income units and the remainder for middle-income dwellings.
OHC established its own mortgage company, Tamweel,